Market activity ended on Tuesday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded surging 649 percent and the value up 116 percent above Monday trades.
A total of 18 securities were traded compared to 19 on Monday, with stocks rising, declining and remaining unchanged, sharing six each.
The Composite Index rose 3.50 points to 1,410.06, the All T&T Index climbed 7.79 points to 2,053.67 and the Cross-Listed Index shed 0.15 points to close at 101.00.
A total of 2,119,273 shares were traded for $11,146,335, up from 282,928 units at $5,172,007 on Monday. An average of 117,737 units traded at $619,241 compared to 14,891 shares at $272,211 on Monday, with trading month to date averaging 45,777 units at $476,681 versus 41,264 units at $467,740 on the prior trading day. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended unchanged at $47.25 with the swapping of 1,381 shares, Angostura Holdings declined 1 cent in ending at $22.89 282, with stock units crossing the market, Ansa McAl remained at $55.55 trading 2,740 stocks. Clico Investment Fund fell 20 cents to $28.80 in an exchange of 640 units, First Citizens Group finished at $52.10 with 1,755 stock units clearing the market, GraceKennedy increased 19 cents to $5.80 in switching ownership of 878,639 shares. Guardian Holdings dropped 28 cents in ending at $27.25 after exchanging 16,553 units, Guardian Media lost 6 cents to close at $3.04 while exchanging 181 stocks, JMMB Group gained 14 cents to end at $2.50 in trading 197,401 units. Massy Holdings advanced 14 cents to $5.20 after an exchange of 289,230 stocks, National Enterprises popped 8 cents to end at $3 with an exchange of 670,040 stock units, National Flour Mills shed 15 cents to close at $1.65, with 1,000 shares crossing the exchange. NCB Financial Group fell 25 cents to $5.75, with 6,220 stock units crossing the market, One Caribbean Media finished at $4 after trading 343 shares, Scotiabank remained at $77, with 2,766 stocks changing hands. Trinidad & Tobago NGL ended unchanged at $20.80 after exchanging 9,433 units, Unilever Caribbean popped 1 cent after ending at $17.50 in an exchange of 28,078 stocks and West Indian Tobacco rallied 99 cents to close at $23.50 after exchanging 12,591 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Trinidad stock market
Mixed trading for Trinidad and Tobago stocks
Market activity ended on Monday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining by 34 percent and the value 52 percent lower than on Friday, resulting in an exchange of 19 securities, up from 16 on Friday, with rising and declining stocks sharing five each while nine remained unchanged.
The Composite Index fell 5.58 points to 1,406.56, the All T&T Index rallied 2.64 points to close at 2,045.88 and the Cross-Listed Index lost 2.01 points to end at 101.15.
Overall, 282,928 shares traded for $5,172,007 against 429,853 units at $10,781,618 on Friday. An average of 14,891 units traded at $272,211 versus 26,866 shares at $673,851 on Friday, with trading month to date averaging 41,264 units at $467,740 versus 43,133 units at $481,602 on the previous trading day. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows one stock ending with the bid closing higher than their last selling price and one with a lower offer.
At the close, Agostini’s remained at $47.25 in trading 51,200 shares, Angostura Holdings popped 1 cent in ending at $22.90 with an exchange of 2,225 stocks, CinemaOne rose 30 cents in closing at $2.30 after finishing trading of 5 stock units. Clico Investment Fund ended unchanged at $29 after an exchange of 4,446 units, Endeavour Holdings finished at $7.50, trading 250 shares, First Citizens Group closed trading of 3,965 units at $52.10. FirstCaribbean International Bank ended unchanged at $5.25 after 2,005 stock units passed through the market, GraceKennedy shed 37 cents to close at $5.61 after exchanging 200 stocks, Guardian Holdings remained at $27.53 in switching ownership of 751 shares. JMMB Group declined 14 cents to end at $2.36 with the swapping of 79,069 units, Massy Holdings lost 4 cents to close at $5.06 in exchanging 57,716 stocks, National Flour Mills ended unchanged at $1.80, with 100 stock units clearing the market. One Caribbean Media finished at $4 in an exchange of 197 shares, Republic Financial Holdings remained at $140.01 after 370 stocks crossed the market, Scotiabank dropped $1 in ending at $77, with 1,586 stock units changing hands. Trinidad & Tobago NGL rallied 7 cents ending at $20.80 after an exchange of 38,733 units, Trinidad Cement increased 10 cents in closing at $3.60 while trading 1,368 stocks, Unilever Caribbean gained 99 cents to end at $17.49 in switching ownership of 4,021 units and West Indian Tobacco fell 99 cents to close at a 52 weeks’ low of $22.51, with 34,721 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla Financial joins ICTOP10
The next stock slated to list on the Junior Market of the Jamaica Stock Exchange, Dolla Financial Services, joins ICTOP110 at the number one spot, with 2022 earnings projected at 20 cents per share and potential gains for the stock of 300 percent. The issue opens on Friday, 27 and 500 million shares being offered should be fully taken up by the public.
The other stock to climb into the ICTOP10 this week is Lasco Distributors, back in at the number 10 spot.
The markets pulled back this week, resulting in mixed performances for ICTOP10 stocks. In the Junior Market, following the release of March quarter results, Jetcon Corporation jumped 16 percent for the week to lead the Junior Market performances, Medical Disposables posted a 10 percent rise to $8, Access Financial gained 8 percent, while Caribbean Assurance Brokers lost13 percent in closing at $2.25 to be the only significant loser. TOP10 Main Market stocks had no meaningful gains. At the same time, Productive Business Solutions fell 17 percent to 98 US cents, VM Investments lost 9 percent and Radio Jamaica fell 5 percent, followed by JMMB Group with a 4 percent decline.
There were no movements in and out of the ICInsider.com TOP10 Main Market listing this week, but the Junior Market has two, with Dolphin Cove and Jetcon Corporation dropping out.
Investors should be on the lookout for companies with March year end that have not yet reported earnings. Amongst the grouping is the three Lasco companies that could get price moving punch from the results. Watch also Access and Medical Disposables, with the latter sitting close to the TOP of the list.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 15, while the Junior Market PE for the Top 10 sits at 6.1 versus the market at 13.5. The Junior Market TOP10 is projected to gain an average of 226 percent by May 2023 and the Main Market 215 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
More stocks rose than fell in Trinidad
Market activity ended on Friday, with the volume of stocks traded rising after trading moderately more shares, with the value jumping 170 percent more than on Thursday, at the close of the Trinidad and Tobago Stock Exchange.
Sixteen securities traded compared to 15 on Thursday, with five rising, three declining and eight ended unchanged. The Composite Index lost 1.99 points to end at 1,412.14, the All T&T Index fell 3.85 points to 2,043.24 and the Cross-Listed Index remained at 103.16.
Overall, $10,781,618 chased 429,853 shares versus 421,946 units for $3,986,805 on Thursday. An average of 26,866 units traded at $673,851 compared to 28,130 shares at $265,787 on Thursday, with trading month to date averaging 43,133 units at $47481,602 versus 42,520 units at $453,575. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows two ended with bids higher than their last selling prices and two stocks with lower offers.
At the end, Ansa McAl declined $1.45, ending at $55.55 after 1,017 shares crossed the market, Clico Investment Fund ended unchanged at $29 with the swapping of 161,105 stock units, First Citizens Group fell 90 cents in closing at $52.10 after exchanging 1,269 stocks. FirstCaribbean International Bank finished at $5.25, with 10,800 units clearing the market, Guardian Media remained at $3.10 after trading 4,420 stocks, Massy Holdings gained 10 cents to $5.10 in switching ownership of 44,518 shares. National Enterprises finished at $2 after 5,000 stock units passed through the exchange, National Flour Mills climbed 15 cents to close at $1.80 after exchanging 70 units, One Caribbean Media remained at $4 with 4,700 units crossing the market. Prestige Holdings advanced 38 cents to end at $7.08, with 60 stocks changing hands, Republic Financial Holdings popped 1 cent to $140.01 with an exchange of 322 stock units, Scotiabank ended unchanged at $78 in an exchange of 26,688 shares. Trinidad & Tobago NGL dropped 1 cent in closing at $20.73 in trading 138,717 units, Trinidad Cement remained at $3.50 after exchanging 50 stock units, Unilever Caribbean ended at $16.50 while exchanging 4,833 shares and West Indian Tobacco rose 50 cents to end at $23.50 after trading 26,284 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More slippage for JSE USD stocks
Trading on Friday ended with the volume of stocks traded on the Jamaica Stock Exchange US dollar market jumping 117 percent with a moderate increase in the value compared to Thursday, resulting in eight securities trading, compared to 11 on Thursday with three rising, one declining and four ending unchanged.
The JSE US Denominated Equities Index slipped 1.05 points to end at 209.96.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year ending up to August 2023.
A total of 557,891 shares were traded for US$51,094 versus 257,178 units at US$48,070 on Thursday. Trading averaged 69,736 units at US$6,387, compared to 23,380 shares at US$4,370 on Thursday, with a month to date average of 43,590 shares at US$3,011 versus 42,005 units at US$2,806 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share rallied 0.04 of a cent to close at 7.94 US cents after exchanging 124 shares, Margaritaville remained at 15 US cents with an exchange of 38 units, Productive Business Solutions finished at 98 US cents while exchanging 1,730 stock units. Proven Investments gained 0.25 of one cent in closing at 26.75 US cents after exchanging 108,122 stocks, Sygnus Credit Investments USD share declined 0.49 of a cent to 12.5 US cents with 147,875 stock units changing hands and Transjamaican Highway ended unchanged at 1 US cent in an exchange of 300,000 shares.
In the preference segment, JMMB Group 5.75% climbed 29.3 cents to close at US$2.323 with the swapping of one share and JMMB Group 6% remained at US$1.10 trading just one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market in 6% dive
Some 208 percent more funds entered the Jamaica Stock Exchange US dollar market on Thursday over Wednesday and led to the volume of stocks traded rising 77 percent from that on the previous day, resulting in 11 securities changing hands, compared to eight on Wednesday with four rising, three declining and four ending unchanged.
The JSE US Denominated Equities Index dropped 11.85 points, or 5.6 percent, to 211.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of 257,178 shares traded for US$48,070, up from 145,513 units at US$15,594 on Wednesday. Trading averaged 23,380 units at US$4,370, compared to 18,189 shares at US$1,949 on Wednesday, with a month to date average of 42,005 shares at US$2,806 versus 43,699 units at US$2,664 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share shed 0.04 of a cent to end at 7.9 US cents in trading 42 shares, Margaritaville ended unchanged at 15 US cents, with 12 stocks clearing the market, Productive Business Solutions declined 20 cents to 98 US cents in exchanging 1,002 units. Proven Investments advanced 0.05 of one cent in closing at 26.5 US cents with 148,102 stock units changing hands, Sterling Investments climbed 0.16 of a cent to close at 2.16 US cents an exchange of 2,165 stock units, Sygnus Credit Investments USD share increased 0.59 of a cent to 12.99 US cents after exchanging 43 shares. Sygnus Real Estate Finance USD share finished at 12.5 US cents after trading 2,293 units and Transjamaican Highway fell 0.02 of a cent to 1 US cent after 100,000 stocks changed hands.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.70 in an exchange of 117 stocks, JMMB Group 5.75% popped 2 cents to US$2.03, with 3,400 shares crossing the market and JMMB Group 6% finished at US$1.10 with two units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading falls on Trinidad and Tobago exchange
Market activity ended on Thursday, at the close of the Trinidad and Tobago Stock Exchange, with the number of securities changing hands falling to 15 securities from 20 on Wednesday and leading to a 78 percent fall in the volume of stocks traded, with a 67 percent lower value than on Wednesday.
The price of one stock rose, seven declined and seven remained unchanged. The Composite Index fell 6.95 points to 1,414.13, the All T&T Index shed 10.57 points to close at 2,047.09 and the Cross-Listed Index fell 0.43 points to settle at 103.16.
A total of 421,946 shares traded for $3,986,805 versus 1,959,307 units at $11,939,308 on Wednesday. An average of 28,130 units traded at $265,787 compared to 97,965 shares at $596,965 on the previous day, with trading month to date averaging 42,520 units at $453,575 versus 45,181 units at $482,282. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $47.25, with 400 shares crossing the exchange, Angostura Holdings remained at $22.89, with 605 stock units clearing the market, Clico Investment Fund declined $1.48 to end at $29 with the swapping of 26,406 units. First Citizens Group rose 90 cents in closing at $53 after trading 4,495 stocks, FirstCaribbean International Bank ended unchanged at $5.25 after exchanging 9,684 units, Guardian Holdings remained at $27.53 in trading 6,800 stock units. JMMB Group lost 5 cents to end at $2.50 in switching ownership of 62,970 shares, Massy Holdings dropped 10 cents to close at $5 with 243,440 stocks changing hands, National Enterprises fell 8 cents to $2.92 in exchanging 16,650 shares. Republic Financial Holdings shed 1 cent to $140, with 2,429 stock units crossing the market Scotiabank finished at $78 while exchanging 126 stocks, Trinidad & Tobago NGL ended unchanged at $20.74 after 7,399 units changed hands. Trinidad Cement fell 10 cents to end at $3.50 with an exchange of 850 stock units, Unilever Caribbean finished at $16.50 trading 24,114 units and West Indian Tobacco dropped 50 cents to close at a 52 weeks’ low of $23, with 15,578 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.